MOVADO GROUP INC — Director's Dealing 2005

Mar 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2005-03-16

Reporting Person: GRINBERG GEDALIO (Director, Chairman, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-16	Class A Common Stock	$	J	25245	Acquired		Common Stock (25245)	Direct
2005-03-16	Class A Common Stock	$	J	76318	Acquired		Common Stock (76318)	Indirect

Footnotes

F1: 1 for 1

F2: Distribution by Grinberg Partners L.P. in which reporting person is a limited partner

F3: Immediately

F4: Not Applicable

F5: The reporting person also has an indirect pecuniary interest in an additional 38,000 shares of Class A Common Stock owned by
CAP I Partners, L.P. The reporting person disclaims beneficial ownership of the shares held by CAP I Partners, L.P. except to
the extent of his pecuniary interest therein.

F6: Reporting person disclaims beneficial ownership of all securities held by his wife and this report shall not be deemed an
admission that the reporting person is a beneficial owner of such securities for purposes of section 16 or for any other
purpose.